Housing Market Dips, Stock Futures, Banks Tick Up

WSJ's Alexandra Scaggs joins the News Hub to discuss a dip in housing data and an uptick in stock futures. Photo: AP Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... stock futures are higher after brought to the rally on fiscal cliff optimism Alexandra Scaggs joins as Alex ... morning so ... actually do with the before we get a stock market housing starts to doubt that he did ... just that and and and the numbers did not look great ... on the fell more than expected ... I think October was it just it to lower an unfair member rate ... but the thing is that stock futures are still hiring in housing has been a really great spot for the economy ... aam I think a lot of ppl a start considering Sandy ... when they're looking at this and you know you know that EMI housing starts yes ... yes ... I'm and I think that ... you know it might indicate that maybe it's not super strong ... but the housing market I mean you on ... that unites it sold at compressing that there isn't a pre good to construction yet ... due to that the storms to northeast yet ... okay ... now let's let's move over to ... thanks ... to the date of the of the looks set to continue a rallied this week as well as the anime thinks and I was just looking they've done great this year I mean they haven't won a scandal in ... an email and see that they're all on ... and and it's funny because just now a lot of Wall Street analysts are kind of jumping on board ... in other family income for the anti ad that you know maybe these guys are going to start doing better ... I there they're optimistic about the fiscal cliff kind of lifting I guess into next year ... there are also optimistic that ballot businesses spending the next year ... so they think that both of those things can help the big banks and ... you know it's the it's funny that girl doing this now ... yes I do stocks Ina then can Americans double play and ... yet ... the analysts said that a new digital ad when it comes to the law Street announces that you know what what we have to look forward to ... today the FedEx earnings anything else ... the next earnings I think those weren't and aren't great ... also today I think it's which is can be watching appliance brand from Washington ... our fiscal cliffs that I mean stocks that are posted are very good rally so far on out ... of town ... an ever acknowledging